OBJECTIVE:
The determination of residency is an important factor in determining the manner in which an individual is subject to U.S. federal income tax. Understanding the rules for determining residency is critical to determine who is subject to U.S. federal taxation and the types of income subject to U.S. taxation.

This seminar will provide a general understanding of U.S. taxation of resident and non-resident aliens of the U.S. Emphasis will be placed on the determination of residency for U.S. tax purposes and the corresponding U.S. taxation implications. There is also a general overview of, Estate Taxation, U.S. Foreign Reporting, FIRPTA, the U.S.-Canada Income Tax Treaty and other emerging matters in US Personal taxation.  The streamlined filing procedures for US Voluntary Disclosures will also be covered in this seminar.

WHO WILL BENEFIT:
The seminar is designed for accounting professionals and practitioners who want to gain a basic understanding of U.S. taxation for individuals and an update of recent changes to assist with the preparation of basic U.S. tax returns.

LEARNING OUTCOMES:
By the end of this course, participants should be able to:

• Describe the various residency classifications for US federal tax purposes.
• Apply the residency status tests used for US federal tax purposes.
• Describe taxation of US citizens and resident and non-resident aliens.
• Determine which type of US personal income tax return to prepare.
• Determine when a US estate income tax return and/or gift tax return may be required.
• Describe the impact of US tax treaties.

CONTENT:
Some of the key U.S. personal tax topics that emerge during the seminar include:

• tax classification and residency status tests
• taxation of US citizens, resident aliens, and non-resident aliens 
• U.S. estate taxation
• gift tax and foreign disclosures 
• U.S. foreign income reporting
• the U.S.- Canada Income Tax Treaty 
• Foreign Investment in Real Property Tax Act (FIRPTA)
• recovery of U.S. tax withheld on gambling winnings by non-resident aliens
• U.S. Voluntary Disclosure Program – Streamlined Filing Procedures

PREREQUISITES:
No prerequisite knowledge is required for this course.

WHAT TO EXPECT:

• Two emails will be sent from CPA Saskatchewan following your registration: one to confirm your order and one including information on how to access the course through PD Connect. 
• Once sent, these emails can also be found in the Communication tab of your CPA Saskatchewan Member Portal.
• Watch a qualified CPA instructor and receive a copy of the same course material that is provided to attendees of the in-person session. 
• This course is designed for participants to view while following along with the course material provided. 
• This self-study course allows you to save your progress and continue later.
• A certificate of completion will be provided upon successful completion of the course and quiz. 
• Registration for this course is open until March 31, 2025, and access will be available for 180 days after registration, up to April 30, 2025.